Empowered Funds LLC Sells 32,412 Shares of Molson Coors Beverage Company $TAP

Key Points

• Empowered Funds LLC reduced its Molson Coors stake by 19% in the first quarter, selling 32,412 shares and retaining 138,451 shares worth approximately $5.96 million. Institutional investors collectively own 78.46% of TAP.
• Molson Coors reported quarterly EPS of $1.58, ahead of the $1.51 consensus, while revenue reached $3.10 billion; however, revenue fell 3.3% year over year and earnings declined from $2.05 per share in the prior-year period.
• The company declared a quarterly dividend of $0.48 per share, equivalent to an annualized $1.92 payout and a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $44.18, compared with a recent share price of $42.74.

Empowered Funds LLC lessened its stake in Molson Coors Beverage Company (NYSE:TAP - Free Report) by 19.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,451 shares of the company's stock after selling 32,412 shares during the period. Empowered Funds LLC owned 0.07% of Molson Coors Beverage worth $5,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TAP. SBI Securities Co. Ltd. grew its position in shares of Molson Coors Beverage by 84.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 534 shares of the company's stock worth $25,000 after buying an additional 244 shares during the last quarter. Basepoint Wealth LLC purchased a new stake in Molson Coors Beverage during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its stake in Molson Coors Beverage by 64.2% in the second quarter. Smartleaf Asset Management LLC now owns 565 shares of the company's stock valued at $27,000 after acquiring an additional 221 shares in the last quarter. Larson Financial Group LLC boosted its stake in Molson Coors Beverage by 551.1% in the fourth quarter. Larson Financial Group LLC now owns 612 shares of the company's stock valued at $29,000 after acquiring an additional 518 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in Molson Coors Beverage by 223.0% in the fourth quarter. Clearstead Advisors LLC now owns 659 shares of the company's stock worth $31,000 after purchasing an additional 455 shares during the last quarter. 78.46% of the stock is owned by hedge funds and other institutional investors.

Molson Coors Beverage Trading Down 0.1%

NYSE:TAP opened at $42.74 on Monday. The company has a market capitalization of $8.02 billion, a P/E ratio of -3.70 and a beta of 0.42. The company has a current ratio of 0.88, a quick ratio of 0.72 and a debt-to-equity ratio of 0.55. Molson Coors Beverage Company has a 12 month low of $38.04 and a 12 month high of $54.82. The firm has a fifty day simple moving average of $40.69 and a 200-day simple moving average of $43.35.

Molson Coors Beverage (NYSE:TAP - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.08 billion. Molson Coors Beverage had a positive return on equity of 9.46% and a negative net margin of 17.83%.The firm's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Molson Coors Beverage has set its FY 2026 guidance at 4.607-4.823 EPS. On average, equities research analysts anticipate that Molson Coors Beverage Company will post 4.81 earnings per share for the current year.

Molson Coors Beverage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, August 28th. Molson Coors Beverage's dividend payout ratio is -16.64%.

Insider Transactions at Molson Coors Beverage

In other Molson Coors Beverage news, Director Geoffrey E. Molson sold 1,245 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $42.50, for a total transaction of $52,912.50. Following the completion of the transaction, the director directly owned 9,871 shares of the company's stock, valued at approximately $419,517.50. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.27% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TAP shares. Wells Fargo & Company reduced their price target on Molson Coors Beverage from $43.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Evercore dropped their target price on Molson Coors Beverage from $50.00 to $47.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $41.00 target price on Molson Coors Beverage in a research report on Wednesday, July 22nd. Piper Sandler decreased their price target on Molson Coors Beverage from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Friday, August 7th. Finally, Morgan Stanley lowered their price target on Molson Coors Beverage from $52.00 to $46.00 and set an "equal weight" rating for the company in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.18.

Molson Coors Beverage Profile

Molson Coors Beverage Company is a leading multinational brewing and beverage enterprise formed through the 2005 merger of Canada's Molson and the United States' Coors. The company develops, markets and distributes an array of alcoholic and non-alcoholic beverages, focusing primarily on beer and ready-to-drink products. Its portfolio spans flagship brands such as Coors Light, Molson Canadian and Miller Lite, alongside craft-style offerings like Blue Moon and global imports including Carling and Staropramen.

In addition to its core beer business, Molson Coors has expanded into adjacent categories to capture evolving consumer tastes.

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